管理会计计算题整理.docx

1、管理会计计算题整理CHAPTER 3: Quiz/Demonstration Exercises PROBLEMS:1. Identify the following planned costs as (a) purely variable costs, (b) discretionary fixed costs, (c) committed fixed costs, (d) mixed costs, or (e) step costs. 1. Straight-line depreciation on office furniture. 2. Electricity used in oper

2、ating equipment. 3. A lump sum amount of advertising costs planned by a local restaurant. 4. Nursing supervisors salaries (a supervisor is needed for every 10 nursing personnel). 5. Repairs made on computers. 6. Training costs for employees. 7. Crew supervisor in a small construction company. A new

3、supervisor is needed for every 12 workers employed. 8. Sales commissions based on sales dollars. 9. Compensation of accountants employed internally by a local manufacturing company. 10. Direct labor. 11. Rental payment on a 30-year lease for office space in a private office building. 12. Repairs mad

4、e on computers in the office Answer: 1. Committed fixed costs 2. Mixed costs 3. Discretionary fixed costs 4. Step costs 5. Purely variable costs 6. Discretionary fixed costs 1. Step costs 2. Purely variable costs 3. Discretionary fixed costs 4. Purely variable costs 5. Committed fixed costs 6. Purel

5、y variable costs2.The Cleveland Recreation Center is planning its annual fundraiser. The event committee has developed the following budget for the event. Ballroom rental $2,900 Entertainment $4,500 Printing $600 + $9 per guest Food $29 per guest Decorations and favors $700 + $5 per guestThe committ

6、ee expects that 3,000 people will attend the event.a. Compute the fixed and variable components of the maintenance department.b. Prepare the cost function.c. If Cleveland Recreation Center charges $100 per person, how much money will be raised by this event? Answer: a. Fixed = $2,900 + $4,500 + $600

7、 + $700 = $8,700 Variable = $9 + $29 + $5 = $43 b. Y = $8,700 + $43x c. ($100 x 3,000) $8,700 + ($43 x 3,000) = $162,3003.Austin Powers Company used least-squares regression analysis to obtain the following output: Payroll Department Cost Explained by Number of Employees Constant $9,300 Standard err

8、or of Y estimate $630 R squared 0.9624 No. of observations 20 Degrees of freedom 18 X coefficient(s) 3.102 Standard error of coefficient(s) 0.0966 a. What is the total fixed cost? b. What is the variable cost per employee? c. Prepare the linear cost function. d. What is the coefficient of determinat

9、ion? Comment on the goodness of fit. Answer: a. The constant or intercept is the total fixed cost of $9,300. b. The variable cost per employee is the X coefficient of $3.102. c. Y = $9,300 + $3.102X d. The coefficient of determination is the R squared of 0.9624. This represents a very high goodness

10、of fit. The closer to 1.0, the better the cost driver explains the cost. Therefore, the conclusion can be drawn that there is a significant relationship between the cost of the payroll department and the number of employees.4.Explain the difference between committed fixed costs and discretionary fix

11、ed costs, and give an example of each.Answer: Committed fixed costs usually arise from the possession of facilities, equipment, and a basic organization. These are large, indivisible chunks of cost that the organization is obligated to incur or usually would not consider avoiding. Discretionary fixe

12、d costs are determined by management as part of the periodic planning process in order to meet the organizations goals. Unlike committed fixed costs, managers can alter discretionary fixed costs easily, up or down, even within a budget period. Examples of a committed fixed cost include property taxe

13、s, insurance, mortgage payments, and interest payments on longterm debt. Examples of a discretionary cost include advertising, research and development, employment training, and management salaries.CHAPTER4McCain Company, a manufacturer of windows, has prepared the following list of accounts and the

14、ir balances:Advertising $7,200Assemblers wages 26,840Depreciation of machinery 1,840Factory utilities 11,120Lathe operators wages 23,280Machinery repairs 4,520Office salaries 22,760Purchases of glue 320Purchases of nails 160Purchases of oak 60,000Purchases of pine 33,800Supervisors salaries 38,280Th

15、ere were no beginning or ending inventories. Calculate the following: a. Direct materials used b. Direct labor c. Factory overhead Answer: a. $60,000 + $33,800 = $93,800 b. $23,280 + $26,840 = $50,120 c. $320 + $1,840 + $38,280 + $4,520 + $160 + $11,120 = $56,240Indicate whether each of the followin

16、g costs is an Inventoriable cost (I) or a Period cost (P): 1. depreciation on factory equipment2. depreciation on treasurers desk3. direct materials4. factory supplies5. indirect labor6. factory equipment repairs and maintenance7. office supplies8. advertising expense9. depreciation on office equipm

17、ent10. direct labor11. factory supervisors salary12. factory utilities13. indirect materials14. office salaries15. sales commissions Answer: _I_ 1. _I_ 6. _I_11. _P_ 2. _P_ 7. _I_12. _I_ 3. _P_ 8. _I_13. _I_ 4. _P_ 9. _P_14. _I_ 5. _I_10. _P_15.Happy Corporation has supplied the following informatio

18、n for the year ended December 31, 20X0: Direct labor 16,480Direct material purchases 19,260General and administrative expenses 14,240Indirect manufacturing costs 16,780 Selling expenses 13,520Beginning direct materials inventory 2,460Direct materials used 2,900Big Corporation produces 8,000 units. T

19、here was no beginning balance or ending balance work-in-process inventory. Ending inventory consisted of 1,000 finished units. Required:a. Prepare the inventories section of the balance sheet. b. Compute the cost of goods sold. Answer: a. Direct material inventory: Beginning direct materials invento

20、ry $2,460 Direct materials purchased 19,260 Less: Direct materials used - 2,900 Ending direct materials inventory $18,820 Cost of goods manufactured: Direct materials used $18,820 Direct labor 16,480 Indirect manufacturing costs 16,780 $52,080 Finished Goods = $52,080 x (1,000 / 8,000) = $6,510 b. C

21、ost of Goods Sold = $52,080 x (7,000 / 8,000) = $45,570Activity-based costing, unused capacity. Bronco Electric operates at capacity and manufactures and sells two types of motors: a special motor, Thermo, and a basic motor, Basca. Broncos traditional product costing system has two direct-cost categ

22、ories (direct materials and direct manufacturing labor) and a single indirect-cost pool. Bronco allocates all indirect costs using direct manufacturing labor-hours as the allocation base.Recently, a team of managers from product design, manufacturing, sales, and marketing decided to replace the sing

23、le indirect-cost pool with seven indirect-cost pools: design, setups, materials handling, manufacturing operations, shipping, distribution, and administration. The two direct-cost categories were retained. The team felt that the traditional costing system did not accurately represent the indirect re

24、sources demanded by each product. The team collected the following information for 2006, the year just ended.CHAPTER66-30 Opportunity Cost at Nantucket Nectars Suppose Nantucket Nectars has a machine for which it paid $160，000 several years ago and is currently not being used. It can use the machine

25、 to produce 12 oz. bottles of its Juice Cocktails or 12 oz. bottles of its 100% Juices. The contribution margin from the additional sales of 100% Juices would be $90，000. A third alternative is selling the machine for cash of $75，000. What is the opportunity cost of the machine when we analyze the a

26、lternative to produce 12 oz. bottles of Juice Cocktails? 6-30Answer: Opportunity cost is the maximum available contribution to profit forgone by using limited resources for a particular purpose. In this case, the opportunity cost of the machine when analyzing the alternative to produce 12-oz. bottle

27、s of Juice Cocktails is $90,000, the larger of the $90,000 contribution margin from additional sales of the 100% Juices or the $75,000 proceeds from the sale of the machine. The $160,000 historical cost of the machine is a past cost and thus irrelevant. 6-31 Hospital Opportunity Cost An administrato

28、r at Saint Jude Hospital is considering how to use some space made available when the outpatient clinic moved to a new building. She has narrowed her choices，as follows: AUse the space to expand laboratory testing. Expected future annual revenue would be $330，000; future costs $290，000. BUse the spa

29、ce to expand the eye clinic. Expected future annual revenue would be $500，000; future costs $480、000. CThe gift shop is rented by an independent retailer who wants to expand into the vacated space. The retailer has offered $11 ，000 for the yearly rental of the space. All operating expenses will be b

30、orne by the retailer. The administrators planning horizon is unsettled. However， she has decided that the yearly data given will suffice for guiding her decision. Tabulate the total relevant data regarding the decision alternatives. Omit the concept of opportunity cost in one tabulation，but use the

31、concept in a second tabulation. As the administrator，which tabulation would you prefer if you could receive only one? 6-31 Answer: The first tabulation is probably easier to understand, but the choice of a tabulation is a matter of taste: (a) (b) (c) Expand Expand Rent to Laboratory Eye Gift Testing Clinic ShopRevenues $330,000 $500,000 $11,000Expenses 290,000 480,000 0Income effects per year $ 40,000 $ 20,000 $11,000 Treating the gift shop as the forgone (rejected) alternative, the tabulation is: (a) (b) Expand Ex